DISCOUNTED LIFE ASSURANCE COVER

Would you like to buy life assurance cover at a discount, or reduce the cost of your existing life assurance cover? Then we have good news for you. In the wake of the major changes to pensions legislation that took effect from 6 April 2006, various pension contribution limits have been relaxed. One important change means that you can purchase life assurance and obtain tax relief on the premiums.

Prior to 6 April 2006, tax relief was available on pension term assurance but it was limited to premiums of no more than 10% of a person’s total pensionable allowance. A person could also only take out pension term assurance alongside a personal pension plan.

There is no longer any need for pension term assurance to be connected to a personal pension. Furthermore, the special restrictions on pension term assurance premiums have also been removed.

You will find further information on pension term on a new section of our website.

Webline Quotes

If you would like to find out if you could save money on your life assurance premiums, either on a proposed policy or an existing policy you can, of course, ask your usual Arch adviser or contact us on 01483 204600 or enquiries@arch-fp.co.uk.

However, if you simply want to know what savings you could make without contacting us, then please feel free to use the Webline Quotes system that you will find on our website on the following page www.arch fp.co.uk/webline_quotes.php. Follow the link to 'Life Assurance' and the Webline quotes system will give you the option to include pension term assurance quotations from some of the top companies in the UK.
Please note that YOU SHOULD NOT CANCEL ANY EXISTING LIFE ASSURANCE COVER until any new pension term assurance application has been accepted by the new insurer and the cover is actually on risk.

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Arch Financial Planning Limited, Arch House, Collins Court, 39 High Street, Cranleigh, Surrey GU6 8AS
Tel: 01483 204600, Fax: 01483 204611

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